Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩16,400, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 55% over the past three years. New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩14,080, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 28x in the Semiconductor industry in South Korea. Total returns to shareholders of 46% over the past three years. Announcement • Mar 13
RAON ROBOTICS Inc., Annual General Meeting, Mar 26, 2026 RAON ROBOTICS Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 88-4, saneop-ro 156beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩12,700, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 23% over the past three years. New Risk • Feb 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩20,600, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩16,200, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,730, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (0.4%). New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Market cap is less than US$100m (₩118.5b market cap, or US$80.2m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩9,280, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 1.7% over the past three years. New Risk • Nov 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 9.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (6.6% net profit margin). Market cap is less than US$100m (₩87.0b market cap, or US$59.4m). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Raontec Inc. announces Annual dividend, payable on April 13, 2026 Raontec Inc. announced Annual dividend of KRW 50.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 16
Second quarter 2025 earnings released Second quarter 2025 results: EPS: ₩58.00. Net income: ₩692.7m (up ₩692.7m from 2Q 2024). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩8,600, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 56% over the past three years. New Risk • Mar 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (₩118.3b market cap, or US$81.8m). Announcement • Mar 07
Raontec Inc., Annual General Meeting, Mar 26, 2025 Raontec Inc., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 88-4, saneop-ro 156beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩110.6b market cap, or US$76.3m). Announcement • Oct 23
Raontec Inc. (KOSDAQ:A232680) announces an Equity Buyback for KRW 2,000 million worth of its shares. Raontec Inc. (KOSDAQ:A232680) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with KB SECURITIES CO.,LTD. The purpose of the share repurchase is Stabilizing stock price and enhancing shareholder value. The repurchase program will expire on April 23, 2025. As of October 22, 2024, the company had 335,474 shares within scope available for dividend and had 1,652 shares in treasury through other repurchase. Announcement • Sep 21
Raontec Inc. (KOSDAQ:A232680) announces an Equity Buyback for KRW 3,000 million worth of its shares. Raontec Inc. (KOSDAQ:A232680) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with KB SECURITIES CO.,LTD. The purpose of the share repurchase is Stabilizing stock price and improving shareholder value. The repurchase program will expire on March 20, 2024. As of September 19, 2023, the company had no shares within scope available for dividend and had 1,652 shares in treasury through other repurchase. Announcement • Mar 16
Raontec Inc., Annual General Meeting, Mar 30, 2021 Raontec Inc., Annual General Meeting, Mar 30, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 08
New 90-day high: ₩16,550 The company is up 107% from its price of ₩8,000 on 10 November 2020. The South Korean market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 38% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩12,650 The company is up 56% from its price of ₩8,090 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: ₩8,200 The company is up 9.0% from its price of ₩7,500 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 20% over the same period. Announcement • Oct 01
Raontec Inc. announced that it has received KRW 2.6775 billion in funding from Pareto Investment Management Raontec Inc. (XKON:A232680) announced a private placement of 255,000 common shares at a price of KRW 10,500 per share for the gross proceeds of KRW 2,677,500,000 on April 24, 2017. The transaction includes participation from 8 investors including Pareto Investment Management for 50,000 shares fro proceeds of KRW 525,000,000, Hans corporation for 40,000 shares for proceeds of KRW 420,000,000 and Jungyoon Choi for 50,000 shares for gross proceeds of KRW 525,000,000. The shares issued have a face value of KRW 500 per share. The shares are issued at a premium. The shares are issued by way of third party allotment. Post the closing the common shares issued by the company increased from 2,298,470 to 2,553,470. The transaction has been approved by the board of directors of the company.